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  Yahoo Finance UK

  London to remain a major draw to world's super-rich despite Brexit uncertainty

  The super-rich will continue to come to London despite the uncertainty created by the Brexit vote, according to a new report by a leading firm of property consultants. By 2026, it predicts, those ultra high net worth individuals – people with assets of more than $30 million (£24 million) – will rise to 12,310, “despite high levels of economic and political uncertainty as the country negotiates its exit from the EU”. “The global economic powerhouses of London and New York dominate the rankings

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  Business Insider

  There's a key point this year when we'll know if Britain's housing market is going to suffer

  Britain's property sales and price growth are slowing down but there is a "pivotal month" when we will know if the wider housing market is going to be in serious trouble, according to one of the country's most prominent estate agents. Liam Bailey, global head of research at Knight Frank, said in his latest note to clients on the residential housing market that "September will be a pivotal month" to indicate the health in property sales. For this reason, Knight Frank is not reviewing its market

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  Reuters

  Chinese overseas investment tops $1 trillion over a decade - report

  Chinese investors invested $1.03 trillion (£737.7 billion) in foreign property, stocks and bonds in the decade to mid-2015, British property services firm Knight Frank calculates in its annual Wealth Report released on Wednesday. Liam Bailey, global head of research at Knight Frank, said Chinese investors had stepped up their interest in British property in the last three years, in a bid to diversify their portfolios. The buying spree continues despite moves by some blue chip lenders includin

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